Technical outlook and chart setups:
1. The EUR/JPY pair is drifting lower towards major swing lows near 136.30/50 levels as seen here. It is difficult to enter fresh at this moment, on either side. Recommendations are to remain flat and watch the pair move in the next 2 trading sessions before entering.
2. Support is at 136.00/30 levels, followed by sub 134.00, while resistances are at 138.50, followed by 139.00, 140.00, 141.00 and higher respectively.
3. The structure indicates that EUR/JPY could remain lower till 138.00/139.00 breaks.
Trading recommendations:
Remain flat for now.
Good luck!
